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EBRD SUPPORTS MODERNIZATION OF ARMENIAN CROSS-BORDER INFRASTRUCTURE WITH A [email protected] MILLION LOAN
armradio.am
15:20 23.11.2012
The EBRD is financing the construction of a new bridge at Bagratashen,
the main border crossing point between Armenia and Georgia. The [email protected]
million loan to the Armenian government is the EBRD's contribution
towards the financing of the Northern Corridor Modernisation Project.
A corresponding agreement was signed today between Armenian Minister
of Finance Vache Gabrielyan and Paul-Henri Forestier, EBRD Director
for Caucasus, Moldova and Belarus.
The upgrade of the cross-border infrastructure facilities is a
priority for the Armenian government. In addition to the EBRD, the
European Investment Bank, European Union, Neighbourhood Investment
Facility and United Nations Development Programme, jointly with the
government of Armenia, will finance this project, the total cost of
which is [email protected] million.
The Northern Corridor Modernisation Project includes the reconstruction
of existing infrastructure to meet international standards, as well
as the construction of new buildings at the three border control
facilities. The improved border crossing points, equipped for vehicles
and pedestrians, will have a more efficient and increased processing
capacity, as well as providing a multi-directional road crossing for
international cargo and passenger traffic. Located 200km from Yerevan,
Bagratashen is the main land transport corridor connecting Armenia,
through Georgia, with the rest of the world.
"We are delighted to be part of this joint effort. Improvement in
the border crossing conditions will create a more efficient economic
transport corridor facilitating regional trade and passenger flows,"
said Sue Barrett, EBRD Director for Transport.
"The EBRD is firmly committed to supporting the development of reliable
and modern infrastructure in its region. We look forward to continuing
our successful cooperation with the country's authorities and other
international organisations in supporting the further development
of Armenia," added Paul-Henri Forestier, EBRD Director for Caucasus,
Moldova and Belarus.
From: Emil Lazarian | Ararat NewsPress
armradio.am
15:20 23.11.2012
The EBRD is financing the construction of a new bridge at Bagratashen,
the main border crossing point between Armenia and Georgia. The [email protected]
million loan to the Armenian government is the EBRD's contribution
towards the financing of the Northern Corridor Modernisation Project.
A corresponding agreement was signed today between Armenian Minister
of Finance Vache Gabrielyan and Paul-Henri Forestier, EBRD Director
for Caucasus, Moldova and Belarus.
The upgrade of the cross-border infrastructure facilities is a
priority for the Armenian government. In addition to the EBRD, the
European Investment Bank, European Union, Neighbourhood Investment
Facility and United Nations Development Programme, jointly with the
government of Armenia, will finance this project, the total cost of
which is [email protected] million.
The Northern Corridor Modernisation Project includes the reconstruction
of existing infrastructure to meet international standards, as well
as the construction of new buildings at the three border control
facilities. The improved border crossing points, equipped for vehicles
and pedestrians, will have a more efficient and increased processing
capacity, as well as providing a multi-directional road crossing for
international cargo and passenger traffic. Located 200km from Yerevan,
Bagratashen is the main land transport corridor connecting Armenia,
through Georgia, with the rest of the world.
"We are delighted to be part of this joint effort. Improvement in
the border crossing conditions will create a more efficient economic
transport corridor facilitating regional trade and passenger flows,"
said Sue Barrett, EBRD Director for Transport.
"The EBRD is firmly committed to supporting the development of reliable
and modern infrastructure in its region. We look forward to continuing
our successful cooperation with the country's authorities and other
international organisations in supporting the further development
of Armenia," added Paul-Henri Forestier, EBRD Director for Caucasus,
Moldova and Belarus.
From: Emil Lazarian | Ararat NewsPress